Stock On Watch: Is Buying Xilinx, Inc. Here a Winning Strategy?

Stock On Watch: Is Buying Xilinx, Inc. Here a Winning Strategy?

The stock of Xilinx, Inc. (NASDAQ:XLNX) is a huge mover today! About 377,468 shares traded hands. Xilinx, Inc. (NASDAQ:XLNX) has risen 6.81% since March 11, 2016 and is uptrending. It has outperformed by 1.35% the S&P500.
The move comes after 8 months positive chart setup for the $12.71B company. It was reported on Oct, 14 by We have $74.46 PT which if reached, will make NASDAQ:XLNX worth $6.10B more.

Xilinx, Inc. (NASDAQ:XLNX) Ratings Coverage

Out of 14 analysts covering Xilinx Inc. (NASDAQ:XLNX), 2 rate it a “Buy”, 1 “Sell”, while 11 “Hold”. This means 14% are positive. Xilinx Inc. has been the topic of 28 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The stock of Xilinx, Inc. (NASDAQ:XLNX) earned “Neutral” rating by Goldman Sachs on Thursday, June 2. The rating was maintained by Argus Research with “Buy” on Thursday, October 15. Robert W. Baird downgraded the stock to “Neutral” rating in Wednesday, October 12 report. Goldman Sachs upgraded the stock to “Buy” rating in Monday, September 14 report. The rating was maintained by FBR Capital on Thursday, October 15 with “Mkt Perform”. The stock of Xilinx, Inc. (NASDAQ:XLNX) has “Buy” rating given on Wednesday, February 3 by Goldman Sachs. Topeka Capital Markets maintained it with “Hold” rating and $50 target price in Thursday, October 15 report.

According to Zacks Investment Research, “Xilinx, Inc. designs, develops and markets complete programmable logic solutions, including advanced integrated circuits, software design tools, predefined system functions delivered as cores of logic and field engineering support. Its programmable logic devices include field programmable gate arrays and complex programmable logic devices. These devices are standard products that its customers program to perform desired logic functions.”

Insitutional Activity: The institutional sentiment decreased to 0.95 in 2016 Q2. Its down 0.41, from 1.36 in 2016Q1. The ratio dropped, as 62 funds sold all Xilinx, Inc. shares owned while 182 reduced positions. 46 funds bought stakes while 185 increased positions. They now own 229.43 million shares or 0.05% more from 229.32 million shares in 2016Q1.
The California-based Concert Wealth Mngmt has invested 0.08% in Xilinx, Inc. (NASDAQ:XLNX). Earnest Prtnrs Llc has invested 0.5% of its portfolio in Xilinx, Inc. (NASDAQ:XLNX). Washington Retail Bank, a Washington-based fund reported 100 shares. Laurion Capital Limited Partnership has invested 0.02% of its portfolio in Xilinx, Inc. (NASDAQ:XLNX). Balyasny Asset Management Ltd Com has invested 0.01% of its portfolio in Xilinx, Inc. (NASDAQ:XLNX). Capital International Ca holds 1.11% or 331,700 shares in its portfolio. Mai Cap Mgmt holds 26,950 shares or 0.1% of its portfolio. Janus Cap Limited Liability has 0.15% invested in the company for 3.85 million shares. Sumitomo Mitsui Asset Management Communications has 0.03% invested in the company for 19,314 shares. Lpl Ltd Liability Corp accumulated 7,680 shares or 0% of the stock. Jpmorgan Chase & Company reported 5.81 million shares or 0.07% of all its holdings. Mizuho Trust & Limited has 385,704 shares for 0.05% of their US portfolio. Waddell & Reed Fincl last reported 0.01% of its portfolio in the stock. Credit Suisse Ag has invested 0.03% of its portfolio in Xilinx, Inc. (NASDAQ:XLNX). Marathon Asset Mgmt Limited Liability Partnership accumulated 1.04% or 1.07M shares.

Insider Transactions: Since May 18, 2016, the stock had 0 insider buys, and 11 selling transactions for $11.30 million net activity. GAVRIELOV MOSHE also sold $629,579 worth of Xilinx, Inc. (NASDAQ:XLNX) on Friday, September 30. Another trade for 45,000 shares valued at $1.98 million was made by Hover-Smoot Scott on Wednesday, May 18. 15,284 shares with value of $811,052 were sold by PENG VICTOR on Monday, October 10. 12,000 Xilinx, Inc. (NASDAQ:XLNX) shares with value of $613,764 were sold by HOWARD WILLIAM G JR. Tong Vincent sold $4.14M worth of Xilinx, Inc. (NASDAQ:XLNX) on Monday, August 8. Rangasayee Krishna also sold $767,013 worth of Xilinx, Inc. (NASDAQ:XLNX) on Thursday, August 11. GLASER STEVEN L had sold 9,922 shares worth $508,134 on Monday, August 1.

Another recent and important Xilinx, Inc. (NASDAQ:XLNX) news was published by which published an article titled: “Xilinx Announces Production Milestone for 16nm UltraScale+ Portfolio Ahead of …” on October 12, 2016.

XLNX Company Profile

Xilinx, Inc. (Xilinx), incorporated on February 5, 1990, is engaged in designing and developing programmable devices and associated technologies. The Company’s programmable devices and associated technologies include integrated circuits (ICs) in the form of programmable logic devices (PLDs), including programmable System on Chips (SoCs) and three-dimensional ICs (3D ICs); software design tools to program the PLDs; targeted reference designs; printed circuit boards, and intellectual property (IP), which consists of Xilinx, and various third-party verification and IP cores. In addition to its programmable platforms, Xilinx provides design services, customer training, field engineering and technical support.

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